Corient Private Wealth LP Lowers Stock Position in Chevron Corporation $CVX

Corient Private Wealth LP lessened its position in shares of Chevron Corporation (NYSE:CVX) by 2.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,300,306 shares of the oil and gas company’s stock after selling 59,722 shares during the period. Corient Private Wealth LP’s holdings in Chevron were worth $381,316,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. United Bank grew its holdings in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after buying an additional 4,214 shares during the period. BNP Paribas raised its stake in shares of Chevron by 76.4% during the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock worth $63,000 after buying an additional 191 shares during the period. Osterweis Capital Management Inc. raised its stake in shares of Chevron by 678.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock worth $195,000 after buying an additional 1,188 shares during the period. Finally, Main Street Financial Solutions LLC lifted its position in shares of Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.5%

Shares of NYSE CVX opened at $212.84 on Friday. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.40. The stock has a market cap of $420.51 billion, a PE ratio of 20.41, a P/E/G ratio of 0.63 and a beta of 0.50. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $194.62 and a 200 day moving average of $190.61.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business’s revenue was up 57.4% on a year-over-year basis. During the same period last year, the company posted $1.77 EPS. As a group, sell-side analysts predict that Chevron Corporation will post 16.51 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insider Buying and Selling

In related news, Director John Hess sold 710,665 shares of Chevron stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider R. Pate sold 2,470 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings and cash flow. Brent’s move above $100 and toward $110 per barrel is a major tailwind for Chevron’s upstream business. Historical analysis cited by The Motley Fool suggests oil-price spikes of this magnitude have generally benefited Chevron, although buying after a sharp rally carries timing risk. Oil Just Topped $109. Is It Too Late to Buy Chevron (CVX)? History Has a Clear Answer.
• Positive Sentiment: Chevron is being highlighted as a balanced dividend investment. Analysts point to the company’s scale, financial strength and shareholder returns as reasons income-focused investors may prefer CVX over riskier energy producers. This Is the First Oil Dividend Stock I’d Buy in September
• Positive Sentiment: Management is pursuing production growth in Venezuela. Chevron aims to raise Venezuelan output to roughly 600,000 barrels per day by 2031, while also improving U.S. shale efficiency and expanding internationally. The plan could add significant long-term production and cash flow. Chevron CFO Says Oil Giant Is ‘Bigger, Better and Stronger Than We’ve Ever Been’
• Neutral Sentiment: Analyst commentary remains focused on positioning and valuation. Recent coverage compares Chevron with other energy companies and emphasizes its combination of scale, yield and financial resilience as oil prices rise. Analysts Offer Insights on Energy Companies
• Negative Sentiment: Execution and returns on capital remain concerns. Chevron’s production and free cash flow are improving, but return on invested capital is lagging, raising questions about how effectively the company converts its asset base and investment spending into profits. CVX’s Operations & FCF Are Improving: Why Isn’t ROIC Keeping Up?
• Negative Sentiment: Venezuela expansion carries timeline and geopolitical risks. Doubling rigs as part of a proposed $7 billion, five-year investment and reaching the 600,000-barrel target by 2031 may prove difficult because of operational, political and regulatory uncertainty. Chevron Wants 600,000 Barrels a Day From Venezuela by 2031

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. BMO Capital Markets upped their price target on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.35.

Chevron Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.